71Paragraph 77(2)(d)

71  Paragraph 77(2)(d)

Repeal the paragraph, substitute:

 (d) be signed by the Chairperson and the CEO.

72  Division 8 of Part 2

Repeal the Division.

73  Before section 89

Insert:

87  Annual report

 (1) The Authority must, as soon as practicable after the end of each financial year, prepare and give to the Minister, for presentation to the Parliament, a report on its operations during that year.

Note: See also section 34C of the Acts Interpretation Act 1901, which contains extra rules about annual reports.

 (2) The Authority must include in the report:

 (a) an assessment of the extent to which the operations of the Authority during the year to which the report relates have contributed:

 (i) to the objectives set out in section 6 and, in particular, to the objective set out in paragraph (b) of that section; and

 (ii) to the goals set out in the corporate plan applicable to the period; and

 (iii) to the objectives set out in the annual operational plan that relates to a period corresponding to that year; and

 (b) particulars of:

 (i) variations (if any) of the corporate plan and the annual operational plan taking effect during that year; and

 (ii) significant changes to plans of management and the introduction of new plans of management during that year; and

 (iii) the effectiveness or otherwise of the operation of plans of management during that year; and

 (iv) any directions given to the Authority by the Minister under section 91 during that year; and

 (c) an evaluation of its overall performance against the performance indicators set out in the corporate plan applicable to the period and the annual operational plan that came into force at the beginning of that year.